CAPITAL MARKETS

Copper gains, S&P at fresh record

Gold slightly higher

Staff reporter

This article is 4 years old. Images might not display.

Market futures were mixed.

Copper closed higher in London on firm demand as the world recovers after the pandemic, Marex's Anna Stablum said.

US consumer confidence beat forecasts in a Bloomberg survey, and China's manufacturing sector operated around full capacity this month but the pace of recovery slowed in the service sector due to another virus outbreak, she said.

The Chinese Communist Party is celebrating its 100th anniversary this week.

Copper closed up another 0.4% to US$9,351.50 per tonne on the London Metal Exchange.

Gold is a little higher than at this point yesterday, above US$1,771 an ounce on the spot market.

In Toronto, Callinex Mines (TSXV: CNX) gained 8.64% on reporting 67m at 2.73% copper among results from step-out drilling at its Rainbow deposit at Pine Bay in Flin Flon, Manitoba.

New Found Gold (TSXV: NFG) rose 5.91% after intercepting 5.25m at 430.2g/t gold.

Toronto markets will be closed for Canada Day today.

Expert-led Insights reports and Analytics tools built on robust data, rigorous analysis and expert commentary covering mining Risk, Projects, ESG, Leadership, and Investor Sentiment.

Expert-led Insights reports and Analytics tools built on robust data, rigorous analysis and expert commentary covering mining Risk, Projects, ESG, Leadership, and Investor Sentiment.

editions

ESG Index 2025: Benchmarking the Future of Sustainable Mining

The ESG Index provides an in-depth evaluation of the ESG performance of 60+ of the world’s largest mining companies. It assesses companies across 10 weighted indicators within 6 essential ESG pillars.

editions

Leadership Insights 2025

Leadership Insights reveals key trends in priority mining issues through interviews with 15+ top mining company executives and an industrywide survey.

editions

Mining IQ Risk Analytics

Risk Analytics offers interactive access to World Risk Insight data, allowing you to customise risk views, benchmark jurisdictions, explore data behind scores and read expert commentary to guide your decision-making.

editions

Project Pipeline Index 2025

View our 50 top mining projects, handpicked using a unique, objective selection process from an expanded database of 600+ global assets.